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 Beef Prices Soar After Blizzard Clobbers Midwest

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PostSubject: Beef Prices Soar After Blizzard Clobbers Midwest   Wed May 03, 2017 9:50 am

Keep in mind that 1000 cattle is only a small ranch worth!
Looks like an excuse to use a small crisis!
https://www.bloomberg.com/news/articles/2017-05-02/cattle-futures-beef-price-soar-after-blizzard-clobbers-midwest
Beef Prices Soar After Blizzard Clobbers Midwest
by
Jeff Wilson
and
Jen Skerritt
May 2, 2017, 11:05 AM PDT May 2, 2017, 9:01 PM PDT
From

  • Kansas animal losses may reach thousands, livestock group says
  • More than half of U.S. feedlots hit; animal weights decline

Cattle futures extended a surge to a record and wholesale beef jumped to a 13-month high after a weekend blizzard hammered the Midwest, and a Kansas livestock group estimated the snowstorm may have killed thousands of animals, signaling tightening meat supplies.

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More than half of U.S. feedlots are located in the region hit by the massive storm that dumped more than 12 inches (30 centimeters) of snow, blanketing an area from the Texas Panhandle to Nebraska, said Lee Reeve, principal at Reeve Cattle Co. in Garden City, Kansas, and president-elect of the Kansas Livestock Association. Losses were the highest among younger animals and a feedlot with 80,000 head of cattle north of Garden City lost more than 1,000 animals, he said in a telephone interview.
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